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Updated over 14 years ago,
Input on prospective deal. newbie
I was hoping to get as much input as possible on my first deal
reo
purchase price- 300k
down payment- $10,500
fha owner occupied 3 unit
$1050 a unit gross rent
$2650- p.i.t.i,
vacancy rate- 4%
low maintenance, built in 2000, tenant paid utilites
estimated value after minor repairs- 360k-400k based on comps
any comments on this deal would be greatly appreciated
thanks